Where did N540 per litre comes from if CBN says we have not further lessened naira- Falana
Mr. Femi Falana (SAN), human rights lawyer, asked that where did 540 naira per litre comes from if the central bank of Nigeria (CBN) have said that we have not further devalued the naira. Mr. Femi Falana asked the rhetorical question in an interview with Channels Television during the Politics Today program when Seun Okinbaloye asked him to help look into the price list by the NNPC following the subsidy removal which he said that it doesn't really suggest that there is a fixed price.
When Ajaero forced Emefiele to Obey court, they cheered him; he's against subsidy, he's LP agent-Sam
Dr. Sam Amadi, Arise TV analyst, columnist and lawyer, said that when Joe Ajaero, NLC President, forced Godwin Emefiele, CBN governor to obey the supreme court on issue of naira policy, people cheered him but now that he is against Tinubu's government on subsidy, people are now calling him Labour Party agent.
Where did N540 per litre comes from if CBN says we have not further lessened naira- Falana
The central bank of Nigeria (CBN) has stated that we have not further devalued the naira, thus Mr. Femi Falana (SAN), a human rights attorney, questioned how 540 naira per gallon came to be. When Seun Okinbaloye requested him to help check into the pricing list by the NNPC after the subsidy withdrawal, Mr. Femi Falana responded with a rhetorical question in an interview with Channels Television during the Politics Today show.
Removal of fuel subsidies in Nigeria has had significant consequences on the economy
Nigeria has been a country that is heavily dependent on subsidies to fuel its economy. The removal of subsidies on petroleum products in Nigeria in 2023 has brought about a significant change in the economy. One of the most noticeable consequences of the subsidy removal is the rise in inflation rate.
Paris Club Refund: Again, Court Summons Emefiele Over $53m Debt
According to PunchNews, the federal court in Abuja on Tuesday subpoenaed central bank governor Godwin Emefiele again for a $53 million judgment debt stemming from the Paris Club refunds. The presiding judge, Inyang Ekwo, ordered that the court will not hear Emefiele's request for a stay until he appears in court.
NLC's Absence in Aso Rock Meeting: FG and TUC Discuss Subsidy Issues with president.
The federal government is currently holding a meeting with representatives from the Trade Union Congress (TUC) at the Presidential Villa in Abuja. However, it is worth noting that the Nigeria Labour Congress (NLC) is not present at this meeting. The purpose of the meeting, which began at around 5 pm, is to discuss the aftermath of the fuel subsidy removal.
NLC did not go on strike when Emefiele initiate cash policy;but urging strike on subsidy removal-FFK
Chief Femi Fani Kayode said that the Nigeria Labour Congress (NLC) did not go on strike when Godwin Emefiele, CBN governor introduced cash policy but they are now threatening strike over the fuel subsidy removal. Chief Fani Kayode made the statement in a tweet he recently released on his official Twitter account a few minutes ago.
Paris Club refund: Court insists on Emefiele’s appearance over $53m debt
AFederal High Court in Abuja has insisted that Central Bank of Nigeria (CBN) Governor Godwin Emefiele must appear before it on July 19 in relation to a $ 53 million judgment debt arising from the Pars Club refund, which he allegedly declined to pay. Justice Inyang Ekwo issued the order on Tuesday at the resumed hearing in a suit marked: FHC/ABJ/CS/1193/2017 filed by a lawyer, Joe Agi (SAN) against a firm, Linas International Ltd and others.
Reps summon Malami, AGF, and others over missing 48 barrels of crude oil
The Governor of the Central Bank of Nigeria (CBN), Godwin Emiefele, was called before the House of Representatives on Monday to answer questions over N32.5 billion that was allegedly given to two businesses, Messrs. GSCL Consulting and Biz Plus, without proper documentation. The Minister of Foreign Affairs, the Accountant General of the Federation, the Auditor General of the Federation, and the Managing Directors of Exxon Mobil and Nigeria Agip Oil Company were also called.
When Ajaero forced Emefiele to Obey court, they cheered him; he's against subsidy, he's LP agent-Sam
According to Dr. Sam Amadi, an analyst, columnist, and lawyer for Arise TV, people cheered Joe Ajaero when he made the CBN governor Godwin Emefiele comply with the supreme court's ruling regarding the naira policy issue, but they are now accusing him of being a Labour Party agent because he is against Tinubu's administration on subsidies.
Subsidy Removal Is The Silver Bullet For The Downstream Oil Sector—Kola Karim
During an interview with Arise News, the Arise TV analyst, Kola Karim, stated that subsidy removal is the silver bullet for the downstream oil sector. He revealed that the government is spending so much money on subsidies that would have been used to improve other sectors of the economy.
FG records N930bn two-month fiscal deficits – CBN
According to the Central Bank of Nigeria's (CBN) monthly economic report for February 2023, "The estimated overall fiscal deficit of the FGN expanded in February due to a drop in the retained revenue." The Central Bank of Nigeria, reported that the Federal Government ran a fiscal deficit of N930.8bn in January and February of 2023 according to the available data with them.
Fani Kayode calls out Peter Obi over Nigeria Labour Congress' planned strike
Femi Fani- Kayode, a former minister of aviation, has referred to the leaders of the Nigeria Labour Congress as mercenaries of Peter Obi, the Labour Party presidential candidate. This was said by Fani- Kayode in a statement via his official media account on Monday (Today).
Preparations Underway by NLC and Other Organizations in Anticipation of Nationwide Strike
The Nigeria Labour Congress (NLC) has issued a nationwide strike declaration set to commence from next Wednesday. This development follows fuel shortages experienced across the country after President Bola Tinubu's inaugural speech, in which he announced the removal of fuel subsidies. The NLC announced the industrial action on Friday, subsequent to a meeting of its National Executive Council (NEC) in Abuja.
TUC Meets with Federal Government to Discuss Fuel Subsidy Removal
Representatives of the Trade Union Congress (TUC) met with the federal government at the Presidential Villa in Abuja on Tuesday to discuss the consequences of the recent fuel subsidy removal. The meeting was initiated by the federal government and was attended by several high-level officials, including Senator George Akume, the Secretary to the Government of the Federation (SGF); Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN); Comrade Adams Oshiomhole, former Governor of Edo State; and Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL).
Where did N540 per litre come from if CBN says we have not further lessened naira- Falana
Human rights lawyer Mr. Femi Falana (SAN) questioned the origin of the price of N540 per litre of fuel, considering that the Central Bank of Nigeria (CBN) has stated that the naira has not been further devalued. Falana posed this rhetorical question during an interview on Channels Television's Politics Today program, where he was asked to examine the NNPC's price list following the removal of fuel subsidy, which he believed did not indicate a fixed price.
Group tells FG to prosecute Buhari, Emefiele for alleged crimes against humanity
According to a petition submitted to the International Criminal Court in The Hague, Netherlands, by the Centre for Human Rights and Anti- Corruption Crusade, the former president Muhammadu Buhari and the governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, are both suspected of having committed " crimes against humanity", PUNCH reports.
Criteria for appointing CBN governor outlined by Atiku camp
According to SaharaReporters, The Atiku/Okowa Presidential Campaign Organisation of the Peoples Democratic Party (PDP) has presented a set of criteria that President Bola Tinubu should consider when appointing the next governor of the Central Bank of Nigeria (CBN). According to the spokesman for the Atiku Campaign Organisation, Daniel Bwala, a former governor is actively vying for the CBN governor position.
Check Out 5 Positions Atiku's Aide, Daniel Bwala, Says Tinubu Mustn't Appoint Politicians Into
Daniel Bwala, a spokesman of the candidate of the Peoples Democratic Party (PDP) in the February 25 presidential election, Atiku Abubakar, has suggested that President Bola Ahmed Tinubu must not appoint a politician to fill 5 specific positions in his administration, else he would repeat history.
Prosecute Buhari, Emefiele for crimes against humanity, group tells ICC
Muhammadu Buhari, the former president of Nigeria, and Mr. Godwin Emefiele, the governor of the Central Bank of Nigeria, have been named in a petition to the International Criminal Court in The Hague, Netherlands, alleging they committed a "crime against humanity." The five-page appeal, dated June 4, 2023, and signed by Cleric Ebikonbowei Alaowei, Esq., Chairman, Board of Trustees of CHURAC, was made accessible to reporters in Warri, Delta State, on Sunday.